Mumbai, Aug. 13 (PTI): The benchmark S&P BSE Sensex today rose 283 points, its best daily gain in a month, on optimism about the rupee after the government took more steps to curb the burgeoning current account deficit.
Realty, bank and auto stocks led the gains amid strong global cues coupled with capital inflows.
The 30-share Sensex resumed lower and dipped to 18864.81, triggered by a weak June industrial output data released after trading hours yesterday.
Helped by value buying, the index recovered to settle at 19229.84, a gain of 282.86 points, or 1.49 per cent.
On July 12, the Sensex had risen 282.41 points.
The 50-share Nifty of the National Stock Exchange firmed up 86.90 points, or 1.55 per cent, to a one-week high of 5699.30.
The SX40 index on the MCX-SX added 149.2 points, or 1.33 per cent, at 11408.14.
The rupee today wiped out initial losses and closed eight paise higher at 61.19 against the dollar as the government announced additional steps to curb the widening current account deficit.
Sustained capital inflows and fresh dollar sales by exporters also supported the rupee.
The rupee opened lower at 61.39 a dollar from the previous close of 61.27 at Interbank Foreign Exchange Market and dipped to a low of 61.66.